Steward Partners Investment Advisory LLC Sells 1,150 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Steward Partners Investment Advisory LLC lessened its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,298 shares of the company’s stock after selling 1,150 shares during the period. Steward Partners Investment Advisory LLC’s holdings in JPMorgan Municipal ETF were worth $3,425,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Gryphon Financial Partners LLC raised its position in JPMorgan Municipal ETF by 4.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,045 shares of the company’s stock worth $303,000 after purchasing an additional 245 shares in the last quarter. Fifth Third Securities Inc. raised its position in JPMorgan Municipal ETF by 3.7% in the fourth quarter. Fifth Third Securities Inc. now owns 8,290 shares of the company’s stock worth $416,000 after purchasing an additional 292 shares in the last quarter. Stone Point Wealth LLC raised its position in JPMorgan Municipal ETF by 3.3% in the third quarter. Stone Point Wealth LLC now owns 9,496 shares of the company’s stock worth $487,000 after purchasing an additional 300 shares in the last quarter. D Orazio & Associates Inc. raised its position in JPMorgan Municipal ETF by 6.6% in the third quarter. D Orazio & Associates Inc. now owns 4,975 shares of the company’s stock worth $255,000 after purchasing an additional 308 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC raised its position in JPMorgan Municipal ETF by 1.4% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 22,206 shares of the company’s stock worth $1,114,000 after purchasing an additional 313 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 1.1 %

BATS JMUB opened at $50.37 on Friday. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 10.19 and a beta of 0.08. The company has a 50 day moving average of $50.30 and a 200-day moving average of $50.61. JPMorgan Municipal ETF has a 1-year low of $49.76 and a 1-year high of $51.31.

JPMorgan Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1429 per share. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, March 3rd.

About JPMorgan Municipal ETF

The JPMorgan Municipal ETF (JMUB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds an actively managed portfolio of various US municipal securities. JMUB was launched on Oct 29, 2018 and is managed by JPMorgan Chase.